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Accounts payable and accrued expenses, and Other noncurrent liabilities | 12 Months Ended
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Sep. 30, 2021
Product Warranties |
Accounts payable and accrued expenses, and Other noncurrent liabilities | 9. Accounts payable and accrued expenses, and Other noncurrent liabilities Accounts payable and accrued expenses consist of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30,
​ |  | 2021 |  | 2020
​ | ​ | (Amounts in thousands)
Accounts payable | ​ | $ | 11,271 | ​ | $ | 5,604
Commissions | ​ |  | 305 | ​ |  | 335
Compensation and fringe benefits | ​ |  | 1,233 | ​ |  | 1,024
Professional fees and shareholders’ reporting costs | ​ |  | 300 | ​ |  | 368
Taxes, other than income | ​ |  | 136 | ​ |  | 161
Finance lease liability | ​ | ​ | 47 | ​ | ​ | 274
Operating lease liability | ​ | ​ | 569 | ​ | ​ | 679
Warranty | ​ |  | 67 | ​ |  | 78
​ | ​ | $ | 13,928 | ​ | $ | 8,523
​ In February 2021, the Company’s US. division of the TS segment entered into an agreement with a vendor to pay approximately $1.5 million including interest for goods and services through fiscal year 2025 in 5 payments related to a multi-year agreement with a customer. In February 2021, the Company’s US division of the TS segment entered into another agreement with a vendor to pay approximately $7.2 million including interest for goods and services through fiscal year 2025 in 6 payments related to a multi-year agreement with a customer. In July 2021, the Company’s US. division of the TS segment entered into another agreement with a vendor to pay approximately $0.5 million including interest for goods and services through fiscal year 2024 in 12 payments related to a multi-year agreement with a customer. ​ See Note 3 Accounts and Long-Term Receivable for further information related to the multi-year agreements above. ​ There was not an interest rate stated and therefore interest was imputed under ASC 835 Interest as the payments in the exchange represented two elements: principal and interest. The imputed interest rate for both agreements was determined to be 5.0%. The rate was determined primarily based on the rate the Company could obtain by financing from other sources at the date of the transaction. ​ Interest expense related to these agreements for the year ended September 30, 2021 was $190 thousand. There was not interest expense in prior year due to these type of agreements starting in the second quarter of fiscal year 2021. ​ The amounts owed for these agreements are in within accounts payable and other noncurrent liabilities because they are owed to a vendor rather than banks or financial institutions for borrowings. See Note 12 Line of Credit and Note 13 Notes Payable for amounts due to banks and other financial institutions for borrowings. ​ Below are details of the aforementioned agreements with the vendors that contain imputed interest: ​
​ | ​ | ​
​ | September 30, 2021
​ | (Amounts in thousands)
Current | $ | 1,627
Less: discount | ​ | 247
Accounts payable and accrued expenses | $ | 1,380
​ | ​ | ​
Noncurrent | $ | 4,682
Less: discount | ​ | 315
Other noncurrent liabilities | $ | 4,367
​ ​ ​ ​ ​ ​ The Company had a total of approximately $7.8 million due (net of interest) to one of these vendors as of September 30, 2021. This is approximately 41% of Accounts payable and other noncurrent liabilities. The TS segment has many vendors it transacts with and does not have any specific agreement with this vendor that it must purchase certain products from the vendor. Management believes other suppliers could provide similar products on comparable terms.

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- Definition The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a),20,24) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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